Satelitte radio company Sirius XM has resolved one major piece of litigation in its fight over its right to play pre-1972 recordings. According to a Sirius securities filing made public on Friday, the company will pay $210 million to settle a lawsuit filed by five recording companies, including Capitol Records and Sony Music Entertainment. (Reuters reported the news of this filing.)
Federal copyright law doesn’t cover performance rights to sound recordings made before 1972, but the record companies argued in their September 2013 complaint, filed in state court in Los Angele,s that California law gives them public performance rights. The deal was reached on June 17, according to the securities filing.
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